Recently, Shanghai Donghai Financial Leasing Co., Ltd. was granted approval for listing and trading its assets-backed securities after its application forms were submitted to and reviewed by Shanghai Stock Exchange. A Shanghai-based team conducted due diligence over the underlying assets and issued attorneys’ opinion letter. The team, which was made up of associates Yang Aoshuang and Shen Tao, was highly commended by the client.

Shanghai Donghai Financial Leasing Co., Ltd., headquartered in Dongying, the “Oil City” and a core city in Yellow River Delta, has branches in Jinnan and Qingdao, a holding subsidiary (Shanghai Yuheng Financial Leasing Co., Ltd.) and a wholly-owned subsidiary (Shanghai Kai Jie Commercial Factoring Co., Ltd.) in Shanghai. The company specializes in sale-and-leaseback, direct finance lease, factoring, residual value disposal and maintenance of leased assets, lease-related consultation, and guarantee services. It is the first financial leasing company formed under the approval of the Department of Commerce of Shandong, and the first NEEQ-listed financial leasing company in the province.